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Finance expert Nguyen Tri Hieu expects the Vietnamese dong to face greater pressure against the US dollar in 2020. He points to weaker FDI and remittance inflows, a projected trade deficit of about 3% of export turnover, and imports that may outpace exports.
The dong was relatively stable in 2019.
Expected dollar demand from a widening trade deficit points to a weaker dong, which raises the local cost of dollar-priced feed imports into Vietnam.
en.vietnamplus.vnVietnam+ (VietnamPlusJan 21, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
